Centuria Capital Group (CNI) H2 2026 earnings summary

Executive summary

• Achieved record assets under management (AUM) of AUD 22.2 billion as of June 30, 2026, driven by strong real estate acquisitions, capital management, and the Arrow Primary Infrastructure Fund acquisition.

• Operating net profit after tax (ONPAT) reached AUD 113.8 million, up 13% year-over-year, with operating EPS of 13.6c and distributions per security of 10.4c, both in line with guidance.

• Significant growth in AI infrastructure platform ResetData, with over 250MW+ potential data centre capacity, major GPU orders, and funding secured to support sovereign AI infrastructure.

• Secured AUD 300 million in new equity in June 2026, increasing securities on issue by over 20% and strengthening the balance sheet for growth.

• Leadership transition to a single CEO structure, with Jason Huljich appointed Group CEO effective November 27, 2026, and John McBain moving to non-executive roles.

Financial highlights

• Operating profit after tax increased to AUD 113.8 million, up 11.5% year-over-year; operating earnings per security rebased to 13.6c, 11.5% above FY25; distributions maintained at 10.4c per security.

• Operating EBITDA rose to AUD 182.5 million, with 23% growth in Property Funds Management segment.

• Statutory profit was AUD 54–56.5 million, down from AUD 82.6 million in FY25, mainly due to listed REIT share price movements and non-operating items.

• Net asset value per security at AUD 1.76–1.77 (down from AUD 1.79 year-over-year); cash and undrawn debt totaled AUD 445 million.

• Balance sheet gearing reduced to 5.1% from 12.3% in FY25; operating gearing also reduced.

Outlook and guidance

• FY27 guidance: ONPAT of AUD 130 million (up 14%), operating earnings per security of 13.0c, and distributions of 10.4c per security.

• FY27 EBIT expected to grow around 20%, with full impact of capital base expansion expected in 2H FY27 and FY28.

• ResetData expected to narrow its loss in FY27, with positive EBIT contribution anticipated in the second half and into FY28.

• Focus on larger acquisitions and growth in core property funds and AI infrastructure.

• FY27 is a year of deployment and growth, with benefits expected to build through FY28 and FY29.